Latham Advises on Saturn Oil & Gas’ Dual-Tranche US$575 Million and C$185 Million Senior Unsecured Notes

Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) has announced the pricing of a private placement dual-tranche offering of (i) US$575 million aggregate principal amount of 8.5% Senior Unsecured Notes due 2031 being issued at par, and (ii) C$185 million aggregate principal amount of 7.5% Senior Unsecured Notes due 2031 being issued at par.

Latham & Watkins LLP advised the initial purchasers on the transaction with a corporate deal team led by Austin/Houston partner David Miller and Austin partner Sam Rettew, with associates Isabelle Sawhney, Caroline Bale, Regan Barney, and Marvin Thiele. Advise was also provided on tax matters by Houston partner Bryant Lee, with associate Nathan Sauers; and on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Nolan Fargo.